Bank of New York Mellon Corp Has $202.40 Million Stock Position in MongoDB, Inc. $MDB

Bank of New York Mellon Corp lessened its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 652,099 shares of the company’s stock after selling 43,525 shares during the period. Bank of New York Mellon Corp owned 0.80% of MongoDB worth $202,399,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MDB. GAMMA Investing LLC grew its position in shares of MongoDB by 46.2% in the 3rd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $53,000 after buying an additional 54 shares during the last quarter. WPG Advisers LLC raised its position in shares of MongoDB by 53.7% during the third quarter. WPG Advisers LLC now owns 166 shares of the company’s stock worth $52,000 after acquiring an additional 58 shares during the last quarter. Main Management ETF Advisors LLC lifted its stake in shares of MongoDB by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the company’s stock worth $770,000 after acquiring an additional 60 shares during the period. Versant Capital Management Inc boosted its holdings in MongoDB by 4.6% in the third quarter. Versant Capital Management Inc now owns 1,377 shares of the company’s stock valued at $427,000 after acquiring an additional 61 shares during the last quarter. Finally, Carnegie Investment Counsel boosted its holdings in MongoDB by 3.6% in the second quarter. Carnegie Investment Counsel now owns 1,803 shares of the company’s stock valued at $379,000 after acquiring an additional 62 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MongoDB

In other MongoDB news, Director Roelof Botha sold 24,850 shares of MongoDB stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the completion of the transaction, the director owned 194,600 shares in the company, valued at approximately $78,978,410. The trade was a 11.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $338.52, for a total value of $3,385,200.00. Following the completion of the sale, the director directly owned 1,055,316 shares of the company’s stock, valued at approximately $357,245,572.32. This trade represents a 0.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 78,162 shares of company stock valued at $31,004,092. 3.10% of the stock is owned by corporate insiders.

MongoDB Price Performance

Shares of MongoDB stock opened at $371.33 on Friday. The business has a 50-day simple moving average of $402.71 and a 200 day simple moving average of $332.19. MongoDB, Inc. has a one year low of $140.78 and a one year high of $444.72. The firm has a market capitalization of $30.22 billion, a price-to-earnings ratio of -426.82 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. The company had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.MongoDB’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. On average, sell-side analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on MDB. Weiss Ratings restated a “sell (d-)” rating on shares of MongoDB in a report on Monday, December 29th. Sanford C. Bernstein increased their price objective on shares of MongoDB from $338.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Stifel Nicolaus boosted their target price on shares of MongoDB from $375.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. DA Davidson upped their price target on shares of MongoDB from $415.00 to $465.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of MongoDB in a report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $422.29.

MongoDB Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.